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ECB

ECB's Lagarde Declares Victory Over Inflation's "Darkest Days"

European Central Bank President Christine Lagarde has declared that the worst of the Eurozone's inflation battle is behind it, signaling a shift in the central bank's stance, reports the Financial Times. "The darkest days of winter look to be behind us," Lagarde stated in

ECB Cuts Rates for Fourth Time This Year

The European Central Bank (ECB) cut interest rates for the fourth time in 2024, signaling continued easing ahead as inflation moderates and the Eurozone economy remains sluggish. The central bank reduced the deposit rate, which influences borrowing costs across the bloc, to 3.0% from 3.25%. This rate, which

Euro Zone Debt-to-GDP Ratio Declines, but Concerns Remain

The aggregate debt-to-GDP ratio in the Eurozone improved in 2023, declining to 88.6% from 90.8% the previous year, per data released by Eurostat. This marks a step towards pre-pandemic levels, when the ratio stood at 84% in 2019. However, the ratio remains significantly higher than its historical norm

Moody's Analytics: ECB Rate Cut on Track for June

Moody's Analytics expects the European Central Bank (ECB) to implement its first interest rate cut in June, despite persistent inflation within the services sector, according to a research report published on Thursday. While acknowledging the need for further data to solidify the decision, the research firm suggests the